Is Wall Street trying to bully Obama?

Yesterday, shortly after Treasury Secretary Tim Geitner announced his big plan, Wall Street took a nose dive. We have seen this behavior from the markets before. If Uncle Sam does not satisfy Wall Street, Wall Street experiences a punishing sell off. Perhaps this is nothing more than the market reacting to what it perceives as bad news, but perhaps there is something else going on here.

It could very well be that Wall Street is sending a very powerful message to Washington, and that message is that Washington had better play ball or else.

Obviously when stocks go down, everyone suffers. From 401ks to school endowments, the average American is more dependent than ever on the stock market. Perhaps yesterday's impressive decline was a way of turning the screws on Obama, a display of a little shock and awe.

I think we can expect that the next time Geitner opens his mouth publicly, it will be to announce another round of fat bailouts in the works, and on that day the Dow will probably go up about 5% or so.